For those that don’t know him Gerald Celente is an entertaining man that just happens to be one of the most accurate trends forecasters of our time. I’ve had the pleasure of following Mr. Celente for years and to be honest have made a little money by heeding his trend warnings. If you have the chance to hear this energetic forecaster interviewed it won’t be long before he says something like, “When People Lose Everything, and They Have Nothing Left To Lose, They Lose It”. Is it possible Mr. Celente is trying to enlighten readers with a glance into our future? Even bigger, what does “it” have to do with owning gold & silver?
The New York Times bestselling book Aftershock devotes an entire chapter on How Not to Lose Money. One could assume these authors must feel we are losing it or they wouldn’t devote a chapter on losing money. I have to admit it’s one of my favorite chapters of the book. Unlike other typical economic books this one does more than point out today’s problems. I recently heard a real estate expert say trillions of the world’s equity wealth has disappeared. Does this mean we lost this wealth and it’s never coming back? It appears we are still losing it if “it” is equity in our homes.
Our society has been fighting several domestic battles over the last decade. The war on drugs, the war on poverty, and the war on no child left behind. Are we winning any of these wars? We must be losing it when we talk of poverty because the news of late is full of record numbers on food stamp assistance. The news also said not since the Great Depression has so many children been homeless. I guess you can say we are losing it when it comes to poverty and children. I haven’t seen the numbers but my gut says the war on drugs is not looking so good either. What about inflation, are we winning “it” by printing our way to prosperity?
Our administration said JOBS is priority number one. This was back in 2008/09 and two million jobs have disappeared since jobs became top priority. With millions more unemployed, millions underemployed, and millions giving up, I guess we can safely say we are losing the battle to create new jobs. We’re not trying to depress anyone here but simply taking a realistic look at today’s situation. Remember, we can’t make wise choices if we don’t have the facts straight. The fact is we along with most other countries are losing what ever “it” is.
But not everyone feels the way the facts show. They must not because I’ve noticed more new cars over the last month than over the last two years when driving around. My radio said today there is no better time to buy a new home (interest rates are historically low). My television said recovery, although slow, is growing our economy toward prosperity. With all this good news we certainly can’t be losing it, can we? Is it possible so many see our plight opposite of the facts? Can the facts be wrong this time?
There is one more indicator for those still willing to test our theory of losing it. This last indicator is a beacon of truth even it the truth is something we don’t want to hear. The same indicator carries no bias, no distortion between good or bad, and no opinion one way or another. Yep, you guessed it right if you said gold & silver. The reason I know we are losing it (whatever it is for you) is because gold is an issue. If we were truly winning “it” we wouldn’t be discussing gold or silver. Thousands wouldn’t read this site asking for more unbiased information. We could sell our stash of gold and then do something fun with it. The only reason to hold PM is to hedge against “it”.
This is our take so tell us yours. Have you noticed others losing it or are we blowing the situation out of proportion? Reach us here with your comments.
YOUR COMMENTS & QUESTIONS:
QUESTION: When I stop by our coin shop to buy the type of metal you recommend (gold & silver bullion) they never seem to have any in stock. If the do it’s only an ounce or two. Should I have them place an order for me since they said they will? Not sure what to do at this point.
ANSWER: Thanks for the question and thanks for reading too. Since the year-end dip coin shops are struggled to keep inventories on shelves. The reason is most folks are like you, buyers, and few are selling. As my shop owner said, “90% of the metal goes out the door, not coming in.” It might not be a bad idea to have your local shop place an order for you but it comes down to what they will charge for this service. I would check with www.goldshark.com to compare online prices with shop prices. If close, pick your local coin shop, you may need quick cash someday. Thanks again.